|
Did my usual monthly household expense report today and realized I finally hit a personal net-worth milestone of... ONE Meeeeilion Dollars! Sure it took a massive stock market rally this year, but I finally broke the 7 figure mark. Of course if September is bad, I'll be poor again!
![[image loading]](http://i.imgur.com/DebyE6Nl.png)
Includes house equity, retirement accts, + assumption my civic is worth 3k (lol)
Breakdown:
![[image loading]](http://i.imgur.com/rWkBU8d.png)
I prolly need to diversify some more. Realized I own ~200k of AAPL. Doesn't bode well if the iWatch sucks.
I'm almost 33, one kid, in debt at 3.2%, and working at my 3rd job. (Red Lines are job changes).
As an added bonus: my grocery expenses for the last 4 years! Big dips when married (honeymoon) and Kid#1.
![[image loading]](http://i.imgur.com/b44rMLyl.png)
I remember I used to spend ~$100/month back during single life... when white castle microwave burgers used to be $2.. now they're almost $5!
 
|
Congrats, millionaire. I became a ten-thousandaire over the summer 
|
you started at 45k? damn.
I'm starting at 2k lol
|
United Kingdom3685 Posts
Even the [brag blog] tag didn't prepare me for this. Welp, time to go drown my inadequacy in ice cream and flash games.
|
On September 02 2013 07:44 jrkirby wrote:Congrats, millionaire. I became a ten-thousandaire over the summer
millionaire means multiple millions btw
|
I'm still unsure on whether or not I should be more impressed by the achievement itself or by the fact you've kept track of all grocery expenses to the cent for at least 4 years o-o
Regardless, congratulations are in order!
|
GJ! Maybe you'll have 10 Million some day 
|
Your shit didn't actually tank too hard in 2007. Impressive.
|
|
|
oh. nvm theres another word for it, multi milionaire lol
|
I haven't decided if this carries over to blogs, but discussing ones' finances in public is considered in bad taste.
Alright, I've decided. This blog is definitely in bad taste.
|
On September 02 2013 11:00 farvacola wrote:
I haven't decided if this carries over to blogs, but discussing ones' finances in public is considered in bad taste.
Alright, I've decided. This blog is definitely in bad taste.
Not a millionaire. ^^^^^^^^^^^^^^^^^
|
[19:06] <farvacola> Farvacola says, "For someone with so much money, OP sure has a thin skin."
|
Yea, compared to some of my college classmates, I'm the least successful. But I'm also super cheap - like cancelling mailed dvds on netflix to save $5! lol
On September 02 2013 08:07 Race is Terran wrote:
you started at 45k? damn.
I'm starting at 2k lol
2 years of paid tuition & stipend to get a masters + job signing bonus = no debt, nice starting egg!
On September 02 2013 09:59 HolyExlxF wrote:
Your shit didn't actually tank too hard in 2007. Impressive.
Heh yea, I switched jobs at the same time as the market crashed so I did get a semi-bump from cashing out almost 3 months of accrued vacation which helped mitigate the smash my 401k took. I superimposed the DJA with 18,000 max for reference: + Show Spoiler +
On September 02 2013 11:07 dAPhREAk wrote:
[19:06] <farvacola> Farvacola says, "For someone with so much money, OP sure has a thin skin."
Rather not have thread devolve, so I stop it before it starts. TL site provides the tools, may as well use them!
On September 02 2013 09:19 thezanursic wrote:GJ! Maybe you'll have 10 Million some day
Only way that will happen is if I get divorced then marry someone worth $20m and divorce her!
Protip for gaining wealth: Marry someone with bank!
|
That's all theoretical value - how are your assumptions on liquidity costs?
Also... I've got this great investment idea... it would only take like, 50k. I've got some foreign dignitaries that keep pestering me to help them safeguard "significant funds".
On September 02 2013 11:01 DarkPlasmaBall wrote:Show nested quote +On September 02 2013 11:00 farvacola wrote:
I haven't decided if this carries over to blogs, but discussing ones' finances in public is considered in bad taste.
Alright, I've decided. This blog is definitely in bad taste. Not a millionaire. ^^^^^^^^^^^^^^^^^
We are the 99%.
Congrats to the OP, wish my life circumstances had gone that well. I'll be lucky if I hit one million in lifetime earnings before I'm 50.
|
On September 02 2013 11:15 felisconcolori wrote:
That's all theoretical value - how are your assumptions on liquidity costs?
Also... I've got this great investment idea... it would only take like, 50k. I've got some foreign dignitaries that keep pestering me to help them safeguard "significant funds".
Liquidity isn't taken into account really. So technically having to pay taxes on the 401k value isn't calculated in the chart nor any cap. gains etc.
I have another chart that plots my "If I ,murder someone and can only hide the body for one month, how much money can I run to mexico with" value, which is significantly less with all the early withdrawal fees. But then again, that situation I don't really need to report capital gains now do I? :-D
|
On September 02 2013 11:18 Burrfoot wrote:Show nested quote +On September 02 2013 11:15 felisconcolori wrote:
That's all theoretical value - how are your assumptions on liquidity costs?
Also... I've got this great investment idea... it would only take like, 50k. I've got some foreign dignitaries that keep pestering me to help them safeguard "significant funds". Liquidity isn't taken into account really. So technically having to pay taxes on the 401k value isn't calculated in the chart nor any cap. gains etc. I have another chart that plots my "If I ,murder someone and can only hide the body for one month, how much money can I run to mexico with" value, which is significantly less with all the early withdrawal fees. But then again, that situation I don't really need to report capital gains now do I? :-D
Having that money in a 401k can be a life saver, though. I was out of work for a year, the very small 401k I had from my previous employer meant I wasn't long term homeless. Yeah, the 30% hit on withdrawal penalty sucked, but if you have to do it, you have to do it. As for body disposal... psh. I can assure you there are ways to make discovery a non-issue for far less than that 30%.
+ Show Spoiler +Ummm. Theoretically. Of course.
|
heh actually, to break the top 1% in the US, its somewhere upwards of 9m net worth now or $350k/year income. Values I'm not going to hit, likely ever.
|
Isn`t this your household`s net worth? I assume your wife helped with this? I`m also astonished you kept these graphs going for so long and in such detail, it`s like you made accumulating wealth your hobby as well as your job.
|
On September 02 2013 11:30 Burrfoot wrote:
heh actually, to break the top 1% in the US, its somewhere upwards of 9m net worth now or $350k/year income. Values I'm not going to hit, likely ever.
well, it's not for all of us, just the 1%ers. only 350k a year? well I guess that sounds about right, nothing below 300k though thats for sure
|
|
|
|
|
|
EPT
![[image loading]](http://i.imgur.com/p8RVqZQl.png)
